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STR Reveals Surge in European Hotel Pipeline

In August, Europe reported 75,755 rooms in 488 hotels in construction, a year-on-year increase of 17.5 percent in rooms, as revealed in STR’s August 2017 Pipeline Report.

Across the continent, there were 177,755 keys in 1,160 projects under contract, a surge of 18.1 percent over August 2016 by room count.

Four countries saw more than 5,000 units in the construction phase, led by the UK with 16,276 rooms in 131 developments.

Meanwhile, Germany recorded 13,499 keys in 69 addresses, Russia revealed 8,350 units in 44 properties, and Turkey witnessed 7,172 keys in 42 hotels.